Global Power Equipment Group Declares Quarterly Cash Dividend

Published 5:27 PM ET Fri, 6 March 2015
Globe Newswire

IRVING, Texas, March 6, 2015 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power") announced today that its Board of Directors has declared a quarterly cash dividend of $0.09 per common share.

The dividend will be payable on or about March 27, 2015 to stockholders of record at the close of business on March 17, 2015. Global Power has approximately 17.2 million shares of its common stock outstanding.

About Global Power

Texas-based Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. It is comprised of three segments. Product Solutions includes two primary product categories: Auxiliary Products designs, engineers and manufactures a comprehensive portfolio of equipment for utility-scale natural gas turbines while Electrical Solutions provides custom configured electrical houses and generator enclosures for the midstream oil & gas industry, the power generation market to include distributed and backup power as well as other industrial and commercial operations. Energy Services provides lifecycle maintenance, repair, construction and fabrication services for the industrial, chemical/petrochemical process, oil and gas and power generation industries. Nuclear Services provides on-site specialty support, outage management and maintenance services to domestic utilities' nuclear power facilities. The Company routinely provides information at its website: www.globalpower.com.